Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Look at the large sells throughout the day yesterday, especially the 400k and 500k in the last few minutes of trading. Surprising actually the price held up as much as it did. There may be more to follow today but I’ve invested further.
V. I had the same concerns, the gain or loss on sale should be included in revenues but not the gross sale of assets. Again I wonder about the accounting competence of the co without a CFO, but maybe its just poor wording from non accountants.
Good positive interview, but just leaving a couple of niggles:
Eytan wasn’t explicit about the condition for the loan notes being dependent on the success of the open offer,
Institutions aren’t going to subscribe for any shortfall at 2p this week if they wouldn’t at 1.2 p last week?
Phoebus, they might raise some from open offer but not meet total funding conditions for loan notes, so keep going for a while and string PIs along with suggestion of farm in.
Can the co meet the conditions for completion of the convertible loan notes? Particularly the requirement to have sufficient cash for drill plus 2 years operating costs? Are institutions going to make up any open offer shortfall at 2p? So the co might just raise a few million from the open offer but not raise the cash in total for the drill?
A buy and a sell, just like every other buy!
No, you can only offset capital losses against capital gains not against income. Chartered Accountant.
Algo, there is a summary in the 2018 annual report, particularly note 8, page 105. Mostly capitalised construction costs.
Unfortunately that’s not the case, the majority of the gross assets are capitalised costs of construction and net assets were 574m. The value is only what someone is prepared to pay?
RNS 17 sept said intend to terminate the RCF in the coming days.
Must be something more fundamental than a tree shake, you don’t get tree shakes on SETS because there are too many other market participants on the order book and the market makers are usually nowhere near the top of the bid or the offer. If you have the right broker any of us can trade on the order book, ie buy at the bid and sell at the offer. Obviously you can get a tree shake with smaller stocks on SETSqx.
No, sold out after the August bond announcement. Learned from experience it’s best to bail out quickly after bad news but come back later if good news. Best to come to terms quickly with loss and also avoids the anxiety of a drifting or falling share price that can go on for months. Same principle applies at any share price, even 4p. Best of luck with your own decision.
Neil, this has become a gamble rather than an investment, red or black? I had my biggest holding in this share but sold with big loss after the August bond announcement. My experience says better to protect your capital and play again another day. This could take months to play out, could be better to come to terms with the loss rather than daily anxiety. Play else where for now and you can always come back here when you see an opportunity.
Because of sellers ..... and because of buyers dropping the bid. MMs are way off the bid and the ask so don’t manipulate SETS like they do on SETSqx.
No need to worry above 10p share price, worry if it goes to 9p!
The uncrossing trade sets the closing price for the day and is based on the price that settles the maximum number of outstanding orders on the bid and offer at the time. Anyone can take part in the auction not just the market makers if you have the right account with the right broker. Personally where I do place an order on either bid or offer, I usually remove them prior to the end of day auction and also the intro day auctions because you can end up with an unpredictable and odd number of shares. The main advantage to me of participating on the order book is that you can buy on the bid and sell on the offer which can be beneficial where there is a large spread.